Of what VALUE do Traders Bring to Bitcoin?? I would Argue NONE NADA

[bitfools]

MINING is a sure thing, its called a positive sum game.

Trading is gambling, its a zero sum game at best, but almost always the house ( exchanges ) wins, Generally most trading is a negative sum game, everyone eventually goes broke who trades.

Smart people mine, albeit BITCOIN is no longer profitable to mine, because U can't compete with chinese who have access to free government hydro, alt-coins are very profitable


Losers 'gamble,

If U want to make money trading, then be the GUY who creates the shitty ICO and sells it to losers.

***

Traders bring NOTHING to the bitcoin table.

Miners are the backbone of BITCOIN.

RICH people use BITCOIN to hide and save their money, and to hedge against the upcoming collapse of the USDollar. Chinese also use BITCOIN so their money can escape mainland china. Actually its harder for your money to escape the USA, than for Yuan to leave China ( limit $50k day may leave HongKong ) [ Last time I tried to wire USA to HK my bank in USA refused ]


Rich People are WHY BITCOIN trades for nearly $7,000 USD, Traders are why the volatility is insane.

In a perfect world SATOSHI would have forseen this and figure out a penalty tax to disenfranchise trading, say a coin that flips more than x times a year goes to zero, we can only wish



Smiley

[bitfools]

BITCOIN to be the worlds bank,

There used to be a concept, the CHINESE WALL that blocked TRADING&BANKING, but now the traders ( scam artists, pump&dumpers ) seem to be holding the keys at the bitcoin bank, not unlike the USA banking system of 2007.

[TheGodson]

I think Satoshi's vision probably didn't include huge mines gathering bitcoin. I don't think he thought there would be a whole crypto currency spaz with a bunch of different coins. He probably thought bitcoin would be the only one and that it would be fast and people all over the world would mine bitcoin with their devices. I could be wrong though. I haven't gone through all of his posts on this forum. Most of it I don't even understand.

[bitfools]

I think Satoshi's vision probably didn't include huge mines gathering bitcoin. I don't think he thought there would be a whole crypto currency spaz with a bunch of different coins. He probably thought bitcoin would be the only one and that it would be fast and people all over the world would mine bitcoin with their devices. I could be wrong though. I haven't gone through all of his posts on this forum. Most of it I don't even understand.

Online on torrent, I think thepiratebay.se search for satoshi-papers, its all plain english, somebody took 2 years of satoshis emails and put them into book form,

u can really learn, and none of its technical, the guy is zen buddhist, very caring person, about people,

nothing about these get-rich quick idiots pumping&dumping alts

wrt its just too easy to clone, and most ppl can't afford so they buy anything with similar name,

IMHO never buy any of this stuff, just mine it for free and keep it forever

[mk4]

Traders do bring nothing. But they're definitely not the main cause of the price volatility. Price volatility is an expected downside of a new currency. In bitcoin and most cryptocurrencies case, it's because of alot of both positive and negative news; heavily affecting the demand.

Mining can definitely still be profitable of they know what they're doing. If it wasn't profitable then only a very few people would be doing it.